COO Dunlap buys 4,000 shares for $122.4K at $30.59; stock -41.6% from 52-week high, P/E 4.10.
Michael J. Dunlap, President and COO, executed 2 separate open-market purchases totaling 4,000 (4.0K shares) for $122,377.04 at a blended average price of $30.59 on 2025-04-29, increasing his holdings to 199,911 shares. The current stock price of $30.72 stands 41.6% below the 52-week high of $52.59 and down 26.7% over the past 90 days, reflecting a sustained decline. Dunlap's cross-ticker track record shows a 100% 90-day win rate across 2 prior buys with an average 90d return of +59.4%, and his 2 prior transactions at MBIN (both on 2023-05-04) delivered 90-day returns of +40.8% and +78.0% respectively, establishing a consistent pattern of well-timed accumulation. The company's P/E of 4.10 and net income of $61,273,000 provide an underlying valuation context that may inform this purchase, though the stock's recent severity of decline—down 16.6% in 30 days—sets this transaction in a backdrop of material recent weakness.